Amsterdam, 22 april 2005 - Western Digital Corp. (NYSE: WDC) behaalde in het derde kwartaal van het fiscale jaar 2005, dat eindigde op 1 april 2005, een omzet van $920 miljoen dankzij de levering van 15,3 miljoen units. De nettowinst bedroeg $70,8 miljoen of $0,32 per aandeel.
Hieronder treft u het volledige Engelstalige persbericht aan.
Voor meer informatie:
Lammers van Toorenburg Benelux PR
Dennis Hompes / Joffrey Vermeule
030 - 65 65 070
WD@lvtpr.nl
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WD ANNOUNCES THIRD QUARTER REVENUE OF $920 MILLION AND NET INCOME OF $.32 PER SHARE
Operational Efficiencies, Broader Market Coverage, Better Pricing, and Demand for High Capacity HDs Spur Strong Year-Over-Year Performance
LAKE FOREST, Calif. - April 21, 2005 - Western Digital Corp. (NYSE: WDC) today reported revenue of $920 million on shipments of approximately 15.3 million units, and net income of $70.8 million, or $.32 per share, for its third fiscal quarter ended April 1, 2005. Gross margin for the quarter was 18.2 percent.
These results represented strong year-over-year performance, including 23 percent growth in revenue versus $749 million in the year ago period and 48 percent growth in net income over the $47.9 million reported last year. A year ago, the company reported earnings of $.22 per share in the fiscal third quarter, shipped 11.8 million units, and posted gross margin of 16.4 percent.
From a balance sheet perspective, the company's cash and short-term investments at the end of the quarter grew to $574 million, an increase of $82 million from the December quarter. The company generated $112 million in cash from operations in the March quarter.
"The supply/demand environment in the hard drive industry was well balanced throughout the quarter, which translated into an improved pricing environment," said Matt Massengill, chairman and chief executive officer of WD. "Combined with strong demand for high capacity hard drives, improved traction in non-desktop PC markets and our ongoing cost and quality leadership, we produced stellar results in the fiscal third quarter."
WD indicated that 23 percent of its Q3 revenue was derived from non-desktop PC sources including consumer electronics, enterprise applications, notebook PCs and retail sales. Seventy-seven percent of the company's Q3 revenue came from hard drives configured into desktop PCs. This compares with a mix in the year-ago quarter of 14 percent non-desktop PC revenue, 86 percent desktop PC revenue. In the last year, WD has funded, developed and launched several new products aimed at the consumer electronics segments for personal and digital video recorders (PVR/DVR) and handheld devices and at the markets for notebook PCs, enterprise and retail hard drives.
The investment community conference call to discuss these results and the company's outlook will be broadcast live over the Internet today at 2 p.m. PDT/5 p.m. EDT and archived at the following link: www.westerndigital.com/invest -- click on Conference Calls. A telephone replay will also be available at (toll-free) 866.346.1329 or (international) 203.369.0001.
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About WD
WD, one of the storage industry's pioneers and long-time leaders, provides products and services for people and organizations that collect, manage and use digital information. The company produces reliable, high-performance hard drives that keep users' data close-at-hand and secure from loss.
WD was founded in 1970. The company's storage products are marketed to leading systems manufacturers and selected resellers under the Western Digital and WD brand names. Visit the Investor section of the company's Web site (www.westerndigital.com) to access a variety of financial and investor information.